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SmarTrend Watching for Potential Pullback in Shares of Patterson Cos After 2.44% Gain

By Shiri Gupta

Patterson Cos (NASDAQ:PDCO) traded in a range yesterday that spanned from a low of $19.87 to a high of $20.10. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $19.65 on volume of 127,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Patterson Cos and will alert subscribers who have PDCO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Patterson Cos have traded between a low of $15.73 and a high of $26.37 and are now at $19.92, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders patterson cos

Ticker(s): PDCO